Months supply of inventory by price range real estate market report- september 2012

Page 1 9000 Forest Crossing The Woodlands, Texas 77381 Office: 281.367.3531 or 800.932.7253 The Woodlands Texas Real Estate Report Months Supply Of “For Sale” Listing Inventory – September 11 , 2012 Is it a Buyer’s Market or a Seller’s Market? According to real estate economists a six-month supply of For Sale Inventory represents a balanced market. A higher number means it’s leaning towards a buyer’s market, less than six months, would indicate a seller’s market. As we can see from these inventory numbers, in price ranges below $900,000 there is an under supply of selection. PRICE RANGE. . . . . . MONTHS SUPPLY OF LISTING INVENTORY $000,000 – $200,000 . . . . . . . . . . . . . . . . . . . . 2.3 $200,001 – $300,000 . . . . . . . . . . . . . . . . . . . . 2.4 $300,001 – $400,000 . . . . . . . . . . . . . . . . . . . . 2.8 $400,001 – $500,000 . . . . . . . . . . . . . . . . . . . . 2.8 $500,001 – $600,000 . . . . . . . . . . . . . . . . . . . . 3.0 $600,001 – $700,000 . . . . . . . . . . . . . . . . . . . . 3.6 $700,001 – $800,000 . . . . . . . . . . . . . . . . . . . . 4.7 $800,001 – $900,000 . . . . . . . . . . . . . . . . . . . . 4.1 $900,001 – $1,000,000 . . . . . . . . . . . . . . . . . . . 9.6 $1,000,001+ . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.5 What does this mean? For buyers: When you find something you love, don’t hesitate to submit an offer. If you snooze you lose out. For sellers: If you were thinking of selling, due to lack of inventory and an abundance of qualified buyers, now would be a smart time to sell. Three key factors that impact salability are merchandising (staging), broadcast marketing and competitive pricing. Correctly tweak and amplify these three factors and you’ll be one of the successful sellers attracting a qualified buyer. Ignore these salability factors and the property will languish unsold, even in a strong market. Position your property competitively in today’s market and you’ll be packing before you know it. Closing thoughts. While mulling over these inventory numbers, keep in mind these figures represent big averages across The Woodlands . Real estate is hyper local in nature and market conditions for your specific property, in your specific neighborhood may be different that the big average you see above. To find out what’s happening in your neighborhood, contact us and we’ll provide you with an up to the minute, on-target Months Supply of Inventory report. Give us a call and we’ll send you your free report – pronto.

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Transcript of Months supply of inventory by price range real estate market report- september 2012

Page 1: Months supply of inventory by price range real estate market report- september 2012

Page 1 9000 Forest Crossing The Woodlands, Texas 77381 Office: 281.367.3531 or 800.932.7253

The Woodlands Texas Real Estate Report Months Supply Of “For Sale” Listing Inventory – September 11 , 2012

Is it a Buyer’s Market or a Seller’s Market? According to real estate economists a six-month supply of For Sale Inventory represents a balanced market. A higher number means it’s leaning towards a buyer’s market, less than six months, would indicate a seller’s market. As we can see from these inventory numbers, in price ranges below $900,000 there is an under supply of selection.

PRICE RANGE. . . . . . MONTHS SUPPLY OF LISTING INVENTORY $000,000 – $200,000 . . . . . . . . . . . . . . . . . . . . 2.3 $200,001 – $300,000 . . . . . . . . . . . . . . . . . . . . 2.4 $300,001 – $400,000 . . . . . . . . . . . . . . . . . . . . 2.8 $400,001 – $500,000 . . . . . . . . . . . . . . . . . . . . 2.8 $500,001 – $600,000 . . . . . . . . . . . . . . . . . . . . 3.0 $600,001 – $700,000 . . . . . . . . . . . . . . . . . . . . 3.6 $700,001 – $800,000 . . . . . . . . . . . . . . . . . . . . 4.7 $800,001 – $900,000 . . . . . . . . . . . . . . . . . . . . 4.1 $900,001 – $1,000,000 . . . . . . . . . . . . . . . . . . . 9.6 $1,000,001+ . . . . . . . . . . . . . . . . . . . . . . . . . . . 13.5 What does this mean? For buyers: When you find something you love, don’t hesitate to submit an offer. If you snooze you lose out.

For sellers: If you were thinking of selling, due to lack of inventory and an abundance of qualified buyers, now would be a smart time to sell. Three key factors that impact salability are merchandising (staging), broadcast marketing and competitive pricing. Correctly tweak and amplify these three factors and you’ll be one of the successful sellers attracting a qualified buyer. Ignore these salability factors and the property will languish unsold, even in a strong market. Position your property competitively in today’s market and you’ll be packing before you know it.

Closing thoughts. While mulling over these inventory numbers, keep in mind these figures represent big averages across The Woodlands. Real estate is hyper local in nature and market conditions for your specific property, in your specific neighborhood may be different that the big average you see above. To find out what’s happening in your neighborhood, contact us and we’ll provide you with an up to the minute, on-target Months Supply of Inventory report. Give us a call and we’ll send you your free report – pronto.